Mortgage Underwriter

About Figure

Figure Technologies creates innovative consumer financial solutions for home improvement, debt consolidation, and retirement while providing financial literacy and financial empowerment. Our mission is to build and promote innovative financial products on blockchain that benefit consumers and eliminate rent-seeking, illiquidity, and other inefficiencies present in current financial markets.

At Figure, we build really big things. And to build big, we need a company in which everyone is supported in doing their absolute best work. That is what culture means to us.  We are a team of incredibly smart people who love architecting and building things from scratch. We know we are working with the absolute best and are challenged by our colleagues every day. We are the kind of people who wake up curious each morning and go to bed each night wanting to accomplish more.

This is an amazing opportunity to be part of a startup focused on solving real problems with blockchain and to work with a team of proven leaders who have created billions of dollars in value in the Fintech space. Join us!

About this role

Figure is looking for an Underwriter to play a big part in the process for a highly automated conforming and non conforming mortgage origination and loan modification process.  Under Risk, this role will work cross functionally with Product, Credit and Quality Control teams to ensure that Figure has effective underwriting processes that comply with GSE and investor guidelines.  Take ownership and make a big impact on this innovative team! 

What you’ll do

• Own and exercise loan approval authority within limits set by Credit 
• Maintain a working knowledge of GSE and investor seller guidelines and requirements, new government regulations and real estate laws.
• Be the go to expert on all company mortgage products, systems, operational procedures and policies. This includes maintaining a working knowledge and providing vendor oversight of Day 1 certainty provider services and other 3rd party services 
• Review repurchase requests and underwriting purchase deficiencies and partner with Capital markets to remediate the deficiencies and Product to prevent systemic issues going forward
• Review and approve third party originators.  Maintain policies and procedures to review and approve third party originators
• Collaborate with Compliance on all fair lending reviews
• Continuously look for areas of process improvements and ways to make things more efficient 

What we look for

• 3+ years verifiable experience underwriting residential mortgages 
• Bachelor’s Degree is preferred
• Demonstrated ability to interpret guidelines and make decisions based on these interpretations
• Strong project-management skills, with a proven ability to coordinate across departments and functions
• Strong work ethic and hands-on approach to build in a startup environment 
• Ability to address challenging issues while remaining objective and independent
• Ability to build technical processes and work with cross functionally  to provide underwriting related requirements  
• Experience conducting compliance monitoring and testing
• Proven ability to take a project from start to finish while staying organized, detail oriented and diligent
• Strong communication skills - ability to articulate verbally and in writing, plans, processes, policies and issues to stakeholders

Benefits To You

• Competitive salary based on experience and skills
• Firm-wide performance based bonus
• Competitive stock options package as an early member of the team
• A flexible paid time off and vacation policy
• Comprehensive health, vision, dental insurance
• Company FSA, 401k, commuter benefits
• And much more to come!

Figure will not sponsor work visas for this position. In compliance with federal law, all persons hired will be required to verify identity and eligibility to work in the United States and to complete the required employment eligibility verification form upon hire.